XRP ETFs Outflows Slow as Goldman Sachs Tops Holdings
US spot Bitcoin ETFs saw $251M in inflows, while XRP ETF outflows eased, with Goldman Sachs leading XRP ETF holdings.Summary
US spot Bitcoin (BTC) ETFs recorded $251 million in inflows on Tuesday, continuing a positive March trend despite BTC briefly dipping below $70,000. Meanwhile, XRP ETFs experienced reduced outflows, posting $3.9 million in redemptions, slowing the selling streak to a fourth session. Bloomberg analyst James Seyffart noted that XRP ETFs have performed well overall, accumulating $1.4 billion since launch. Goldman Sachs has emerged as the largest holder of XRP ETFs, holding approximately $154 million as of December 31, significantly more than Millennium Management and Logan Stone Capital. Seyffart also highlighted that XRP ETFs are primarily driven by retail demand, with only 15.9% of assets under management disclosed in 13F filings, compared to higher institutional ownership in Solana (SOL) ETFs.
(Source：Cointelegraph)